The Middleby Corporation (MIDD) financial statements (2021 and earlier)
Company profile
| Business Address |
1400 TOASTMASTER DRIVE ELGIN, IL 60120 |
| State of Incorp. | IL |
| Fiscal Year End | December 31 |
| SIC | 358 - Refrigeration And Service Industry Machinery (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 268 | 95 | 72 | 90 | 68 | 56 | 44 | ||
| Cash and cash equivalents | 268 | 95 | 72 | 90 | 68 | 56 | 44 | ||
| Receivables | 363 | 448 | 399 | 328 | 326 | 283 | 230 | ||
| Inventory, net of allowances, customer advances and progress billings | 540 | 586 | 522 | 425 | 368 | 354 | 256 | ||
| Inventory | 540 | 586 | 522 | 425 | 368 | 354 | 256 | ||
| Prepaid expense | 18 | 20 | 18 | 34 | 6 | 11 | 6 | ||
| Contract with customer, asset | 20 | 23 | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax assets | ✕ | ✕ | 52 | 51 | |||||
| Other undisclosed current assets | 61 | 39 | 51 | 55 | 43 | 40 | 28 | ||
| Total current assets: | 1,270 | 1,209 | 1,062 | 932 | 812 | 795 | 614 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 344 | 352 | 315 | 282 | 222 | 200 | 130 | ||
| Intangible assets, net (including goodwill) | 3,385 | 3,293 | 3,104 | 2,045 | 1,789 | 1,733 | 1,301 | ||
| Goodwill | 1,934 | 1,850 | 1,743 | 1,265 | 1,093 | 983 | 808 | ||
| Intangible assets, net (excluding goodwill) | 1,450 | 1,443 | 1,361 | 780 | 696 | 749 | 492 | ||
| Deferred income tax assets | 76 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 127 | 111 | 37 | 36 | 43 | 22 | 19 | ||
| Deferred tax assets, net | ✕ | 37 | 32 | 45 | 52 | 11 | 3 | ||
| Other undisclosed noncurrent assets | (3,293) | (3,104) | (2,045) | (1,789) | (1,733) | (1,301) | |||
| Total noncurrent assets: | 3,932 | 500 | 384 | 363 | 317 | 233 | 151 | ||
| Other undisclosed assets | 3,293 | 3,104 | 2,045 | 1,789 | 1,733 | 1,301 | |||
| TOTAL ASSETS: | 5,202 | 5,002 | 4,550 | 3,340 | 2,917 | 2,761 | 2,066 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 677 | 590 | 556 | 469 | 483 | 478 | 377 | ||
| Accounts payable | 183 | 174 | 188 | 146 | 147 | 158 | 98 | ||
| Accrued liabilities | 495 | 417 | 367 | 322 | 336 | 320 | 221 | ||
| Employee-related liabilities | 51 | ||||||||
| Taxes payable | 8 | ||||||||
| Debt | 23 | 3 | 3 | 5 | 6 | 32 | 9 | ||
| Other undisclosed current liabilities | (59) | ||||||||
| Total current liabilities: | 700 | 593 | 559 | 474 | 488 | 510 | 328 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,707 | 1,870 | 1,889 | 1,024 | 726 | 734 | 589 | ||
| Long-term debt, excluding current maturities | 1,707 | 1,870 | 1,889 | 1,024 | 726 | 734 | 589 | ||
| Liabilities, other than long-term debt | 819 | 592 | 437 | 481 | 437 | 350 | 142 | ||
| Deferred tax liabilities, net | ✕ | 134 | 114 | 88 | 78 | 113 | 89 | ||
| Deferred income tax liabilities | 147 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 470 | 289 | 253 | 335 | 323 | 208 | |||
| Other liabilities | 202 | 169 | 70 | 59 | 36 | 30 | 53 | ||
| Total noncurrent liabilities: | 2,526 | 2,462 | 2,326 | 1,505 | 1,163 | 1,084 | 731 | ||
| Total liabilities: | 3,226 | 3,055 | 2,885 | 1,979 | 1,652 | 1,594 | 1,059 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,977 | 1,947 | 1,665 | 1,361 | 1,265 | 1,167 | 1,007 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (537) | (451) | (445) | (445) | (205) | (201) | (196) | ||
| Additional paid in capital | 433 | 387 | 377 | 375 | 355 | 329 | 310 | ||
| Accumulated other comprehensive loss | (488) | (351) | (276) | (266) | (284) | (76) | (31) | ||
| Retained earnings | 2,569 | 2,361 | 2,009 | 1,698 | 1,399 | 1,115 | 924 | ||
| Total stockholders' equity: | 1,977 | 1,947 | 1,665 | 1,361 | 1,265 | 1,167 | 1,007 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,202 | 5,002 | 4,550 | 3,340 | 2,917 | 2,761 | 2,066 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,513 | 2,959 | 2,723 | 2,336 | 2,268 | 1,827 | 1,637 | |
| Revenue, net | ✕ | ✕ | 2,723 | 2,336 | 2,268 | 1,827 | 1,637 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,631) | (1,856) | (1,719) | (1,423) | (1,367) | (1,120) | (996) | |
| Gross profit: | 882 | 1,103 | 1,004 | 913 | 901 | 707 | 641 | |
| Operating expenses | (558) | (589) | (558) | (502) | (455) | (404) | (387) | |
| Other undisclosed operating income | 47 | |||||||
| Operating income: | 324 | 514 | 446 | 410 | 446 | 303 | 300 | |
| Nonoperating income (expense) | (3) | 2 | (2) | (1) | (1) | (4) | (8) | |
| Foreign currency transaction loss, before tax | (4) | |||||||
| Other nonoperating income (expense) | (3) | 2 | (2) | (1) | (1) | (4) | (4) | |
| Interest and debt expense | (79) | (83) | (59) | (26) | (24) | (17) | (16) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 25 | 29 | 38 | 4 | ||||
| Income from continuing operations before income taxes: | 268 | 463 | 424 | 384 | 421 | 281 | 281 | |
| Income tax expense | (61) | (110) | (106) | (85) | (137) | (90) | (87) | |
| Net income available to common stockholders, diluted: | 207 | 352 | 317 | 298 | 284 | 192 | 193 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 207 | 352 | 317 | 298 | 284 | 192 | 193 | |
| Other comprehensive income (loss) | (137) | (74) | (43) | 47 | (64) | (28) | ||
| Comprehensive income: | 70 | 278 | 274 | 345 | 221 | 163 | 193 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 33 | (29) | (144) | (17) | (23) | |||
| Comprehensive income, net of tax, attributable to parent: | 70 | 278 | 307 | 316 | 76 | 147 | 171 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.